(1) [I]t would really be something to see a nearly $2,200/PSF sale come to fruition; and
(2) Tip: Don't bet against it.
It turns out, to get a deal done on this impressively remodeled and even-more-impressively located TH, they had to chop $350K off the top.
But there can't have been any tears over that chop.
A sale price of $4.000M on a 3bd/2ba, 1850 sqft. townhome boils down to $2,162/PSF, which is up there in the stratosphere.
The highest PPSF we've seen recently on a non-Strand home – exempting lot sales, with their crazy PPSFs on tiny, old 'dozer-bait houses – was also on Ocean Ave., specifically 1904 Ocean Ave.
That's a 2br/2ba, 1800 sqft.……